Cosco Pacific

The Greek government is renegotiating the terms under which Piraeus port will be sold to Chinese Cosco, Shipping and Tourism Minister Giorgos Stathakis said in parliament, as reported by the local media. 

By Nikos Roussanoglou

Container traffic recovered in March at the two terminals managed and operated by Chinese giant Cosco Pacific in Piraeus.

Cosco?s local subsidiary, Piraeus Container Terminal, on Thursday announced that it handled 266,500 container last month, against 220,500 in March 2014, posting an increase of 21 percent.

By Nikos Roussanoglou

The subject of the first clash within the government appears to be the country?s main ports ? specifically the privatization of the port authorities of Piraeus and Thessaloniki.

Piraeus Container Terminal SA, a subsidiary of Chinese company Cosco Pacific which manages the container terminal facilities and operations at Piraeus port, achieved a 22 percent profit increase in the first half of the year, the parent company announced on Tuesday.